Hector Enterprises makes and sells clocks and provides a warranty on their product for its entire life. Experience estim
Posted: Wed Mar 09, 2022 8:24 am
Hector Enterprises makes and sells
clocks and provides a warranty on their product for its entire
life. Experience estimates that 3% of clocks sold will be returned
for replacement. The cost of a clock is $26. During 2023,
total sales was $566,679 or 10,158 clocks sold at $55.79 each.
On September 17, 2024, 28 clocks were replaced under
warranty. The company has a December 31 year-end.
REQUIRED:
clocks and provides a warranty on their product for its entire
life. Experience estimates that 3% of clocks sold will be returned
for replacement. The cost of a clock is $26. During 2023,
total sales was $566,679 or 10,158 clocks sold at $55.79 each.
On September 17, 2024, 28 clocks were replaced under
warranty. The company has a December 31 year-end.
REQUIRED: